Rumor: Apple working on e-wallet, could debut technology alongside iPhone 6

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Date: Thursday, July 24th, 2014, 10:43
Category: iPhone, Rumor, Software

wallet

It probably won’t come as a surprise, but Apple may be working on its own e-wallet technology that could debut alongside the iPhone 6 this fall.

Per The Information, anonymous sources close to the store claim that Apple is accelerating work on a mobile payments system, or digital wallet, that could be ready by this fall, allowing customers to pay for physical goods with their iPhone instead of a credit card or cash.

The report states that Apple is in talks with partner companies to launch a Google Wallet competitor as soon as this fall, with some saying the service may roll out with the so-called “iPhone 6.”

Sources have indicated that Apple is in talks with major credit card company Visa to forge a partnership that could revolutionize the way consumers pay for goods. As noted by the article, a direct partnership with Visa — or other major credit card company — would be a huge step in bypassing the payment processing chain, saving both merchants and customers money.

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